Terrified Trump Flees Tariffs War After CEOs’ ‘Empty Shelves’ Warning
www.thedailybeast.com
The president sounded much more conciliatory after he was told about the chaos his plans could bring.

Summary

Trump had to reverse his aggressive tariff rhetoric after CEOs from Walmart, Target, and Home Depot warned of empty shelves and higher prices due to supply chain disruptions.

Investors reacted negatively to his threats against Fed Chair Jerome Powell, prompting a market sell-off.

Trump backtracked, expressing optimism on a China trade deal and now denying plans to fire Powell.

Global markets remain volatile, and the IMF cited Trump’s trade war as a “major negative shock” to global growth.

    • asg101@lemmy.blahaj.zoneEnglish
      72·
      11 hours ago

      Oh no! A multi polar world, what will become of us if we don’t have big daddy USA (or actually the oligarchs that own and operate it) telling us all what to do? And what we can’t do, and who dies for their profit.

    • ubergeekEnglish
      61·
      11 hours ago

      So, you’re biggest issue is other nations might step up to replace the Imperial States of America?

        • ubergeekEnglish
          22·
          8 hours ago

          Why? Its not like the US is much better than either… All three nation states are rather evil.

          I guess the best could be said about China, because at least they don’t generally engage in genocide as commonly as the other two.

            • ubergeekEnglish
              2·
              6 hours ago

              I said “not as commonly as the other two”… The US has been engaged in myriad genocides, across the globe and domestically, as has Russia. China just does it less.

              I mean hell, China got their Uighurs genocide plan from the US’s post 9/11 “counter terrorism”.